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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • The Japan Post group has announced price ranges for the long-awaited IPOs of its three units, set to collectively raise ¥1.44tr ($12.03bn) to become the biggest offering this century in the country.
  • The budding Chinese securitization market has taken another step forward with the National Association of Financial Market Institutional Investors (Nafmii) rolling out the first disclosure framework for consumer loan ABS.
  • Coffee Day Enterprises is set to become the biggest IPO in India in more than four years, with the coffee chain setting out the terms for its deal.
  • Standard Chartered’s latest Renminbi Globalisation Index (RGI) showed a 9.4% month on month boost to 2,312 in August from a revised 2,113 in July. The rise was mainly due a surge in CNH foreign exchange turnover caused by the increased currency volatility since the RMB fixing reform.
  • Credit Suisse has made two senior hires in Hong Kong, poaching them from rivals Standard Chartered and Morgan Stanley.
  • Tata Chemicals has picked banks for a new £200m ($303.5m) refinancing, hitting the market after a hiatus of nearly two years.
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